Mitsui Bussan & IDERA Partners Co., Ltd.

Mitsui Bussan & IDERA Partners, Co., Ltd. is entrusted with the asset management of “MIRAI Corporation”, a diversified J-REIT that was listed on the Tokyo Stock Exchange on December 16, 2016.

With Mitsui & Co. Group and IDERA Capital Management Ltd. as our sponsors, we aim to expand the AUM and maximize unitholders’ value through investment and management of a wide range of asset classes, combining and integrating the “comprehensive strength and business knowledge” of the Mitsui & Co. Group and the “value-adding capability for real estate” of IDERA Capital Management Ltd.

We would be grateful for your support.

Mitsui Bussan & IDERA Partners Co., Ltd.
Representative Director, President

Michio Suganuma

As the asset manager of MIRAI Corporation, we aim to secure stable earnings over the medium to long term and achieve steady growth of its assets under management through continuous investment, with the aim of increasing unitholders’ value over the medium to long term.

Name	Mitsui Bussan & IDERA Partners Co., Ltd.
Address	2-1, Nishi-Kanda 3-chome, Chiyoda-ku, Tokyo, Japan
Business Description	Investment management business
Established	June 1, 2015
Paid-in Capital	¥200 million
Shareholders	Mitsui & Co. Asset Management Holdings Ltd. (50%) IDERA Capital Management Ltd. (50%)
Representative	Representative Director, President Michio Suganuma
Registration & Licenses	Building lots and building transaction business; Tokyo Governor's Office license (3) No.98041 Discretionary transaction agent; Minister of Land, Infrastructure, and Transport Approval No. 94 Financial Instruments Business Operator (Director of Kanto Finance Bureau (Kinsho) No.2876)
Organizations Joined	The Investment Trusts Association, Japan

ORGANIZATION CHART

REIT is an abbreviation for Real Estate Investment Trust.
REITs originated in the United States, and the Japanese version of REIT, which was established in 2001, is called J-REIT.
Mutual funds are investment vehicles in which professionals manage funds collected from investors in stocks, bonds, and other securities. REITs, on the other hand, are companies established for the sole purpose of owning and operating real estate assets. They invest funds collected from investors and loans from financial institutions to purchase real estate, and distribute lease income and capital gains to investors as dividends.
Further, REITs are effectively exempt from corporate tax so long as they meet certain criteria such as distributing over 90% of their income and therefore investors of REITs can receive majority of income from real estate asset management as distribution.

The investment corporation is established solely for the purpose of owning and operating real estate assets and all actual management is outsourced.
The asset manager is responsible for selecting and managing the real estate to be invested in, negotiating loans with financial institutions, and conducting financial settlement operations. The asset manager of MIRAI Corporation, a diversified REIT, is Mitsui Bussan & IDERA Partners.
In addition, the investment corporation has sponsors that support their operations. Mitsui & Co. Group, one of Japan's leading general trading companies, and IDERA Capital, an independent asset management company with a proven track record, are providing strong support to MIRAI Corporation with the aim of enhancing unitholders’ value.